|  |  |
| --- | --- |
| 12.4 | **Acknowledgement**  |

  

 Upon redelivery of the Aircraft by Lessee to Lessor at the Redelivery Location, Lessor will deliver to Lessee an acknowledgement confirming that Lessee
has redelivered the Aircraft to Lessor in the condition required by the Lease or specify in what respect the Aircraft is not in the condition so required. 

  




|  |  |
| --- | --- |
| 12.5 | **Storage**  |

  

 If Lessor or Owner so requests, Lessee shall endeavor to arrange, to the extent available, up to sixty (60) days storage for the Aircraft following the
last day of the Term at the requesting party’s risk and expense. 

  




|  |  |
| --- | --- |
| 13. | DEFAULT  |

  




|  |  |
| --- | --- |
| 13.1 | **Events**  |

  

 The occurrence of any of the Events of Default will constitute a repudiation (but not a termination) of the Lease by Lessee (whether the occurrence of any
such Event of Default is voluntary or involuntary or occurs by operation of Law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any Government Entity). 

  




|  |  |
| --- | --- |
| 13.2 | **Rights and Remedies**  |

  

 If an Event of Default occurs and is continuing, Lessor may at its option (and without prejudice to any of its other rights under the Lease), at any time
thereafter (without notice to Lessee except as required under applicable Law):